Residential Income Property with
425 E 58th Street 18D, Manhattan, NY 10022
For Sale
$2,195,000
Pending
Flexible residence with refreshed interiors, river-facing views, full-service amenities, and a versatile bedroom layout.
Property Size2,400 SF
Days on Market266
Property Features for 425 E 58th Street 18D
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Multifamily Units
Amenities
pet-friendly
doorman
porter service
concierge
mail service
valet parking
EV charging stations
fitness center
climate-controlled storage
business services
bike room
washer/dryer in residence
balcony
irrigation system
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Eileen M Foy · License NY 30FO0888086
(347) 463-8128
Source:
Tricialee
Added: Feb 17
Changed: Nov 7
Last Checked: Nov 8 at 2:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
Located at 425 E 58th Street in New York City, this residential income property offers approximately 2,400 square feet with a flexible 2-3 bedroom, 3.5-bath layout. Recent improvements include 7 3/4-inch-wide plank wood flooring, fresh paint, and a new wall creating an additional primary-bedroom option. The home also features a windowed eat-in kitchen with side-by-side Sub-Zero refrigerators, an oversized dining room, a large living room, walk-in closets, and additional wall storage.
A spacious balcony includes electric outlets and an irrigation system, while the primary suite captures views of the East River, the JFK Bridge, and the Roosevelt Island Tram. The Sovereign provides 24/7 doorman and porter service, concierge support, onsite management, a windowed fitness center, climate-controlled storage, a business-services center, bike room, and garage valet parking with EV charging stations. Pets, pied-a-terres, and trusts and guarantors are permitted under the stated building policies.
A spacious balcony includes electric outlets and an irrigation system, while the primary suite captures views of the East River, the JFK Bridge, and the Roosevelt Island Tram. The Sovereign provides 24/7 doorman and porter service, concierge support, onsite management, a windowed fitness center, climate-controlled storage, a business-services center, bike room, and garage valet parking with EV charging stations. Pets, pied-a-terres, and trusts and guarantors are permitted under the stated building policies.
Key Highlights
- Approximately 2,400 square feet with a 2‑3 bedroom, 3.5‑bath configuration
- 7 3/4‑inch‑wide plank wood floors, fresh paint, and a new wall creating a second primary‑bedroom option
- Windowed eat‑in kitchen with side‑by‑side Sub‑Zero refrigerators
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,090
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,501,800
$1.5M
Cap Rate 7%
$1,072,714
$1.1M
Cap Rate 9%
$834,333
$834.3K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$143.7K $59.88/SF
− Vacancy
−$7.2K −$2.99/SF
EGI
$136.5K $56.89/SF
− OpEx
−$61.4K −$25.60/SF
NOI
$75.1K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,501,800
Cap Rate 7%
$1,072,714
Cap Rate 9%
$834,333
Alternative Uses
Best Use
Apartment 5plus
$1.07M
$938.6K – $1.25M
NOI $75,090 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,452 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
27,950
Businesses Nearby
Explore this area
Business Placement
Demographics for 10022, NY
36,708
Population
25,686
Households
1.4
Avg Household Size
45
Median Age
84%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
91,770
Density / Sq Mi
$171,038
Median Household Income
$119,657
Median Earnings
$2,928
Median Rent
$1,116,700
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - Flexible residence with refreshed interiors, river-facing views, full-service amenities, and a versatile bedroom layout.
Where is this residential income property located?
The property is located at 425 E 58th Street 18D Manhattan, NY.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Approximately 2,400 square feet with a 2‑3 bedroom, 3.5‑bath configuration; 7 3/4‑inch‑wide plank wood floors, fresh paint, and a new wall creating a second primary‑bedroom option; Windowed eat‑in kitchen with side‑by‑side Sub‑Zero refrigerators
